Carl Icahn Warns of Impending Economic Gloom
Carl Icahn Warns of Impending Economic Gloom
US billionaire investor and prominent Trump supporter Carl Ichan criticized the Federal Reserve's monetary policies, suggesting the current economic slowdown stems from the lack of capital in the non-financial sector being less lucrative than Wall Street.
Kristian Rouz — Carl Icahn, a billionaire business tycoon and investor with broad interests across the tech, real estate, finance, casino, biotech and entertainment industries, said in a recent Bloomberg Markets interview that US stock market is severely overpriced due to the dysfunctional monetary policies practiced by the Federal Reserve. Subsequently, his best suggested investment strategy is minimizing market exposure ahead of the looming shifts in policy and economic structure, or a massive financial meltdown.
The Preservation of Perks, Privileges, and Power: The PPPP
If 2016 has taught us anything, it is that if the establishment’s hegemony is imperiled, it will come together in ferocious solidarity – for the preservation of their perks, privileges and power.
After much self-examination of my personal role in this mess, particularly as I began to wake up (still waking up folks; we are never fully awake, just hopefully a little more today than yesterday) combined with much research and soul searching, I have become increasingly certain this psychological condition isn’t just a case of a poor education, social or economic disadvantages or even imperial oppression (aka government by gun) though each does play their part in the big picture.
Kristian Rouz — Carl Icahn, a billionaire business tycoon and investor with broad interests across the tech, real estate, finance, casino, biotech and entertainment industries, said in a recent Bloomberg Markets interview that US stock market is severely overpriced due to the dysfunctional monetary policies practiced by the Federal Reserve. Subsequently, his best suggested investment strategy is minimizing market exposure ahead of the looming shifts in policy and economic structure, or a massive financial meltdown.
The Preservation of Perks, Privileges, and Power: The PPPP
If 2016 has taught us anything, it is that if the establishment’s hegemony is imperiled, it will come together in ferocious solidarity – for the preservation of their perks, privileges and power.
After much self-examination of my personal role in this mess, particularly as I began to wake up (still waking up folks; we are never fully awake, just hopefully a little more today than yesterday) combined with much research and soul searching, I have become increasingly certain this psychological condition isn’t just a case of a poor education, social or economic disadvantages or even imperial oppression (aka government by gun) though each does play their part in the big picture.
Brown, who is also an attorney, goes on to explain, “I have researched heavily on what the real problem is here. It’s the ‘Safe Harbor’ status that is granted to derivatives, repos and asset backed securities. All those things can jump in ahead of a bankruptcy and grab their collateral. As soon as things start to look shaky, they can grab their collateral, so, they are basically outside the bankruptcy system. There is no such thing as bankruptcy for big banks right now. We saw this with Lehman Brothers where JPMorgan triggered the whole collapse (in 2008) by jumping in and grabbing their collateral.”
Brown, who is also an attorney, goes on to explain, “I have researched heavily on what the real problem is here. It’s the ‘Safe Harbor’ status that is granted to derivatives, repos and asset backed securities. All those things can jump in ahead of a bankruptcy and grab their collateral. As soon as things start to look shaky, they can grab their collateral, so, they are basically outside the bankruptcy system. There is no such thing as bankruptcy for big banks right now. We saw this with Lehman Brothers where JPMorgan triggered the whole collapse (in 2008) by jumping in and grabbing their collateral.”
Renewable Energy Storage Could Be Worth $90 Billion Per Year
Renewable energy technology has been split into two camps since it became a reality around the turn of the century. On the one hand there are the passionate environmental believers for whom the inflated subsidies were an irrelevance in the face of saving our planet, and on the other were naysayers for whom the arguments about global warming were a plot by the far left to raise taxes or run some kind of tree-hugging environmental agenda at the expense of business and consumers. Neither polarized position was fair, of course, and the quiet majority in the middle have watched the technologies become progressively more efficient and costs fall dramatically while the extremes of global warming horror stories have been discredited, but the hard science of gradually rising carbon levels has been widely accepted. Who Cares Why The Temperature is Rising? In the process, a wider acceptance has gained ground […]
